Woodside stock outlook narrows as Beaumont ammonia plan is scaled back
Published on 11/03/2026 at 20:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSProduction Outlook and Ammonia Strategy
- Woodside narrowed its 2026 production outlook to 174 million to 181 million barrels of oil equivalent.
- The company plans to reduce investment in its Beaumont New Ammonia project after weaker demand and operating constraints.
- Third-quarter revenue rose to 4.28 billion US dollars, while production fell 9 percent year over year.
Woodside narrowed its 2026 production outlook after weaker expected volumes from Beaumont New Ammonia, a tighter timeline for first LNG from Scarborough and lower output at the Okha floating production, storage and offloading vessel. Reuters reported the revision on October 21, citing a new range of 174 million to 181 million barrels of oil equivalent, compared with 174 million to 185 million previously.
The company also plans to reduce investment in the Beaumont New Ammonia plant in Texas after a strategic review found slower customer demand. Reuters said the facility operated below nameplate capacity because of feedstock constraints and a process safety-related shutdown lasting about 30 days.
Revenue Rose Despite Lower Production
Woodside reported third-quarter revenue of 4.28 billion US dollars for the three months ended September 30, up from 3.36 billion US dollars a year earlier. Production fell 9 percent year over year to 46.2 million barrels of oil equivalent but increased 12 percent from the previous quarter as Pluto LNG output improved after maintenance.
Woodside stock traded at 19.87 euros on Lang & Schwarz at 20:30 CET on Tuesday, November 3. The quote is a current market indication; a dated Xetra closing comparison is not included.
View the real-time quote of Woodside stock for the latest trading indication.
Woodside Energy Group Ltd
- ISIN: AU0000224040
- Lang & Schwarz quote: 19.87 euros on November 3, 2026, at 20:30 CET
- Previous Lang & Schwarz quote: 20.21 euros
- Company: Woodside Energy Group Ltd
Australia's energy market remains relevant for investors tracking LNG supply, production guidance and project execution. Current Australian market developments provide broader sector context.
Woodside is scheduled to hold its Capital Markets Day on November 5, while fourth-quarter results are scheduled for January 27. More news and analyses on Woodside stock cover subsequent company updates.
